Featured

Commentary on the top news stories of the day by your Daily Reckoning editors in Melbourne, Australia. Still haven’t subscribed to the Daily Reckoning? What are you waiting for… sign up here, it’s free!

 

A chronological listing of articles is below.

post thumbnail

Uranium and Gold Exploration Spending Both Down in Last Year

It turns out they are, just not in Australia. The ABARE numbers measure exploration spending within Australia. But many Australian-listed firms are looking for gold and uranium in other places, especially in Africa. They’re doing so because production costs are lower there, even if political risk is higher (although in some places, it’s more than acceptable for the projects on offer).

November 20th, 2009 | Dan Denning | 0 comments | Continued
post thumbnail

Speculators and Chinese Firms Accumulating Australian Resource Companies and Commodities

And while China and America bicker over currencies, Chinese firms are scrambling to buy real assets. And while Aussie banks source foreign borrowing to lend in local real estate, Aussie mining firms go begging for bits of capital that would bring world-class ore bodies (and key strategic resources) into production…by local producers and owners.

November 19th, 2009 | Dan Denning | 1 comment | Continued
post thumbnail

Borrowing and Paying Back in a Foreign Currency

Capital flows are good now. The sun is shining and the country is lucky. But if we’re right and the strong Aussie dollar is mostly a function of the U.S. dollar carry trade, capital flows can reverse just as quickly. Currency traders probably love this because of the volatility. But the question is: how risky is it for Australia’s economy to source so much of its borrowing needs overseas?

November 18th, 2009 | Dan Denning | 1 comment | Continued
post thumbnail

Dollar Rally the Sort of Thing that Will Lead to Correction in Gold Price

House prices were up 6.2% in the third quarter over the same time last year, according to data from the Australian Bureau of Statistics. House prices in the capital cities are surging. Stocks are surging. Gold and oil are surging.

November 17th, 2009 | Dan Denning | 3 comments | Continued
Subscribe to the Daily Reckoning

© Copyright The Daily Reckoning Australia & Port Phillip Publishing Pty LTD 2009 All rights reserved.

Port Phillip Publishing Pty Ltd holds an Australian Financial Services License: 323 988. View our Financial Services Guide.

ACN: 117 765 009 ABN: 33 117 765 009

Port Phillip Publishing
Attn: Daily Reckoning Australia
PO Box 899
Braeside
VIC 3195

Tel: 1300 667 481
Fax: (03) 9558 2219

SEO Powered by Platinum SEO from Techblissonline